Good morning investors! This week again, the focus will be on earnings.
Today we cover:
What to expect this week
US-Iran to sign a deal?
Americans don’t want jobs?
📊 Economy and News
What to Expect this Week
Here’s what to keep an eye on this week:
Monday, Aug. 3
ISM Manufacturing PMI and related data.
Palantir (PLTR) reports after the close (strong prior quarter and raised outlook).
Tuesday, Aug. 4
Economic data: Trade balance, factory orders, JOLTS job openings.
Earnings: Spotify (SPOT), McDonald’s (MCD) and other restaurant chains (Wendy’s, Shake Shack, Restaurant Brands), SpaceX (SPCX) after the close (first report as a public company), Pinterest (PINS), Paramount Skydance (PSKY), AMD.
Wednesday, Aug. 5
Economic data: ADP employment, ISM Services PMI.
Earnings: Uber (UBER), Eli Lilly (LLY) and rival Novo Nordisk (NVO), Western Digital (WDC) and SanDisk (SNDK), Disney (DIS).
Thursday, Aug. 6
Economic data: Initial jobless claims, productivity.
Earnings: Lyft (LYFT), Constellation Energy (CEG), Datadog (DDOG).
Friday, Aug. 7
July jobs report (nonfarm payrolls).
Earnings: Oklo (OKLO) and other energy names tied to AI power demand.
Global hits:
Japan to announce joint yen intervention with US, sources say.
Iran war pushes companies to raise prices on beer, paint and fries.
The US is banning China’s humanoid robots.
Reminder: OPEC+ agrees September oil hike, completing rollback of voluntary cuts.
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📈 Stocks
S&P 500 7 489,72 (+0.70%)
DJIA 52 485,03 (+0.53%)
NASDAQ 25 373,85 (+1.01%)
BRENT CRUDE 87.94 (+1.05%)
* Prices as of Aug 2nd, 12:20 AM UTC
US-Iran Working on Another Deal?
U.S. President Donald Trump says Iran and its regional neighbors asked the U.S. to hold off on attacks, saying ‘perimeters of a deal has been agreed to’.
The president said the agreement would include the “Immediate, Complete, and Total OPENING OF THE HORMUZ STRAIT, and an end to Iran’s nuclear threat.”
Iran’s Fars International state news agency said Trump’s demands amounted to a “wish list.”
Interesting: AstraZeneca in talks with Bristol Myers Squibb on $400 billion megadeal.
💵 Personal Finance
Why More Americans Are Giving Up on Job Hunting
A growing number of people are quitting the job search entirely after months of frustration in a tough labor market.
In June, roughly 720,000 people stopped working or looking for work—the biggest one-month drop in prime-age (25–54) labor force participation outside the pandemic since 1976. Long-term unemployment remains high, with more than 1.9 million Americans jobless for over six months.
Mass layoffs have flooded the candidate pool. Mental health strain is another major factor. Many job seekers report rejection, silence from employers, and financial pressure taking a heavy toll. Some paused their search and moved back in with family abroad to recover. Others eft stagnant jobs and eventually returned to school for a more stable career path in healthcare.
While some treat the break as a temporary “sabbatical” to recharge or rethink their goals, most can’t afford to stay out forever amid rising living costs. Economists note that falling participation—driven by aging workers, lower immigration, limited flexible jobs, and burnout—adds to a labor market that feels increasingly out of balance.
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